India, July 21 -- Industrial and consumer products maker 3M Company (MMM) on Tuesday raised its full-year guidance after reporting stronger second-quarter results, citing continued momentum in its general industrial, safety and data center businesses. Following this, the company's shares rose nearly 6% in pre-market trading.
3M now expects full-year earnings of $8.80 to $8.95 per share, up from its previous forecast of $8.50 to $8.70 per share. It also raised its organic sales growth outlook to more than 3.5% from nearly 3%.
"We delivered a strong second quarter, exceeding expectations with mid-single-digit sales growth, robust operating margins of about 25%, and double-digit EPS growth, reflecting the progress we're making on our strateg...